Series 63 practice questionmediumAgents and Financial Requirements
Which of the following statements about financial requirements for registered agents is true under the USA?
- AAgents are not subject to net capital requirements.✓ Correct answer
- BAgents must meet the same net capital as broker-dealers.
- CAgents must post a surety bond regardless of circumstances.
- DAgents must submit personal bank statements to the Administrator.
Explanation
Why A — Agents are not subject to net capital requirements.
Agents are not subject to net capital requirements (USA Section 202(c)). Only broker-dealers and IAs face such requirements. Bonding may apply in certain cases but is not automatic.
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